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Accenture (ACN) Announces Buyout of Malayasia-Based Entropia
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Accenture plc (ACN - Free Report) today announced that it has snapped up Kuala Lumpur-based international digital agency Entropia for an undisclosed amount. Entropia is the first ever Southeast Asian firm acquired by Accenture.
Established in 2016, Entropia has more than 210 employees and focuses on developing digital experiences for brands, with skills across customer experience, consulting, commerce and communication. It has the experience of developing campaigns for companies like BMW, KFC, Nespresso, Lazada and Telekom Malaysia.
Acquisition to Boost Accenture’s Digital Capabilities
The acquisition of Entropia is expected to enhance Accenture’s digital capabilities. It can strengthen Accenture Interactive’s presence in the market for experience-led transformation services through boosting capabilities in customer experience, design and creative communications.
"Entropia’s addition will help us deliver innovation through technology to drive commerce and growth for our clients in Southeast Asia. It’s also an exciting chapter in our journey to strengthen and expand Accenture Interactive’s presence in the region," said Thomas Mouritzen, Accenture Interactive’s lead for Southeast Asia.
Notably, Accenture shares have gained 38.7% over the past year, underperforming the 39.9% growth of the Zacks S&P 500 composite but outperforming the 37.3% rally of the industry it belongs to.
The long-term expected earnings per share (three to five years) growth rate for Equifax, Cross Country Healthcare and Charles River is pegged at 14%, 10.5% and 15.5%, respectively.
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Accenture (ACN) Announces Buyout of Malayasia-Based Entropia
Accenture plc (ACN - Free Report) today announced that it has snapped up Kuala Lumpur-based international digital agency Entropia for an undisclosed amount. Entropia is the first ever Southeast Asian firm acquired by Accenture.
Established in 2016, Entropia has more than 210 employees and focuses on developing digital experiences for brands, with skills across customer experience, consulting, commerce and communication. It has the experience of developing campaigns for companies like BMW, KFC, Nespresso, Lazada and Telekom Malaysia.
Acquisition to Boost Accenture’s Digital Capabilities
The acquisition of Entropia is expected to enhance Accenture’s digital capabilities. It can strengthen Accenture Interactive’s presence in the market for experience-led transformation services through boosting capabilities in customer experience, design and creative communications.
"Entropia’s addition will help us deliver innovation through technology to drive commerce and growth for our clients in Southeast Asia. It’s also an exciting chapter in our journey to strengthen and expand Accenture Interactive’s presence in the region," said Thomas Mouritzen, Accenture Interactive’s lead for Southeast Asia.
Notably, Accenture shares have gained 38.7% over the past year, underperforming the 39.9% growth of the Zacks S&P 500 composite but outperforming the 37.3% rally of the industry it belongs to.
Accenture PLC Price
Accenture PLC price | Accenture PLC Quote
Zacks Rank and Stocks to Consider
Accenture currently carries a Zacks Rank #3 (Hold).
Investor interested in the broader Zacks Business Services sector can consider stocks like Equifax (EFX - Free Report) , Cross Country Healthcare (CCRN - Free Report) and Charles River Associates (CRAI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The long-term expected earnings per share (three to five years) growth rate for Equifax, Cross Country Healthcare and Charles River is pegged at 14%, 10.5% and 15.5%, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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